long term and investing is likely 10-20 years or more, yet frequently we refer to 4-10 years and above in order to include the possibility and consideration that there might be some people who might have shorter time-frames due to their age or their health or perhaps some other kind of life event that might cause them to have to sell in a shorter timeline..
You explanations are okay @JayJuanGee but talking about age as one of the factors that can lead to an investor deciding to sell their bitcoins earlier than expected, don't you think it will still be a good idea for someone who is quite old to pass the long term goal to their offspring instead of selling because if he decides to sell due to old age it will still return back to Fiat that has low monetary value when compared with bitcoin so it will not be a good idea to sell bitcoin and still return back to keep Fiat again, it also makes me to think why someone who is quite old will consider to just invest within 4 years interval (just an assumption), what if at that time the price of bitcoin falls will they sell at lost just because of their age? If an investor decides to sell their bitcoin within a short time frame due to health issues it's understandable but yet keeping emergency funds for such situation in the future will be best instead of selling except the health challenge supersedes the emergency funds before selling their holdings to attend to their immediate challenge will become an appropriate decision. I get your point but I hope you also know that we are not just investing in Bitcoin to hold it forever rather we are investing to hold for some period of time so that within that interval of time our holding would've grown so big that we can now take or sell. So if an old investor wants to seel off his investment it's not a crime or wrong decision and if I may ask what if the aged investor don't have someone to watch after or look after the investment because I know there are people like that and on the other hand if an aged investor have someone such as son, daughter, relatives etc, then I will suggest the aged investor ask if they can watch over the investment or if they have other investment plan and if they can watch over it maybe they can sell a little of it keep and the investment burning. but not everyone is into Bitcoin investment even though Bitcoin investment is very cool. |
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I think the team should ratify the play store issues, in some countries they're having challenges to download the wallet because it's not supportive their country, let wallet be accepted generally to be download, but instead it's restricting some people not download the wallet
I was having same issue but try use the second link I'm sure you can download with that one |
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Honestly, as investors, we should not always focus on getting Bitcoin at a dip price by all means, because by doing that, it is possible that someone may never get that dip when they need it. This means they may have to wait for years, which is possible even during a bear market, as the price of Bitcoin may not drop to the level they want to buy at. The best approach for investors is to always see any Bitcoin price as an opportunity to accumulate more. In fact, using the DCA (Dollar Cost Averaging) method to accumulate Bitcoin at different price levels is a smart strategy. As long as someone has a plan to hold Bitcoin for a long period, they shouldn't worry about waiting for the dip. Long-term holding often results in reasonable Bitcoin profits.
It would be great if we could see some of the profits sooner rather than later for investing in bitcoins like we see now especially those who are new to investing in bitcoins. In fact, it is not right to think that investing in BTC will make a profit in a short period of time, because after investing, you must think about the long term in order to get profit from BTC. Here Aslam invested and walked away with a share of the profit, it is not like that. I personally feel that people who cannot think long term should not invest in BTC. And those who think long term only invest in BTC. When thinking about Bitcoin, it really has to think about the long term. Nothing good can be expected from here without long term investment. Bitcoin investment profits yield overtime after a long term process of building with commitment, dedication and discipline in other to avoid or not falling into the uncertainties of the market. Unlike trading that requires short term profit or sooner profits which is difficult to achieve in short terms. Having a short-term profit mindset can impact your long term investment strategy. stay focused on the bigger picture and not get persuaded by the desire for quick gains. Having a sooner profit mindset can lead to impulsive decision making, which may result in missing out on the potential long-term growth of investments. Dude you are sounding like trading is a crime which is very wrong and again the way you are emphasizing on it can make someone who's into trading look stupid. So I will suggest you keep this kind of discussion low or better still leave it because that isn't what are we supposed to be discussing here, after all I have seen someone who's trading and at same time doing investment and trust me everything is going smoothly for him and I keep asking myself how is that possible and then realized that everything is about mindset and having the ability to make it work. not that he doesn't make loss off cause he do make loss. |
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Start buying at timed intervals, On the long run you increase your stack and got less worries about the price. It will give ease of mind to not check the charts every x minutes ; )
Well said, if you are lazy or smart at the same time then better approach is to buy bitcoins and wait 1-2 years and increase your investment. There are a few things you can watch out for when buying or selling Bitcoin. May it be market trends, know about cryptocurrencies, keep an eye on price movements, any major developments in the industry and set yourself some clear goals. I think, of course, it's always better to do our own research and not just rely on some other signal. In this regard, I personally find Bitgate's trading signals to be an important aid in making informed decisions regarding Bitcoin. We can expect that, in about two years, an uptrend in Bitcoin will occur again, and you will be able to sell your Bitcoins then. I think you misunderstood the whole thing, the person you quoted wasn't talking about trading rather he or she was talking about investing in Bitcoin and apparently you seems to have forgotten that Bitcoin is very volatile and sometimes it can take more than 2 years get to a greater level. We not here to be taking any slight profit because of market uptrend and anyone who sell because of slight move in the market is not worthy to be call an investor and lastly, in Bitcoin investment we don't need too many research and signals because we are not traders, ours is to keep accumulating and holding for a long period. |
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It is an unlikely good move that you invest in Bitcoin, but it must be rational. I think investing $80 in Bitcoin out of your monthly income of $130 is an aggressive move. You can make this aggressive investment if you have another source of income. But one thing can be highlighted here, actually people face different situations depending on the location, I actually want to explain the source of income here. Suppose you live in a city or a village, a village is likely to be better than a city and a city is a bit more expensive and luxurious. So with a monthly income of $130 you can make an aggressive $80 investment in Bitcoin from the village, which is a good step up from the luxury city.
Whether one live in a village or city person no suppose invest aggressively because you dey put your own self for risk because sometimes there are unforseen circumstances so imagine when person don invest aggressively and something serious come come up I mean something wey be say even funds wey dey your hand no even reach half to settle or handle the problem waiting person go do at this point in time no be to go tamper your investment? abi you wan go borrow?remember even when you borrow solve the problem you go still payback the money with interest in that matter, so it is good to invest moderately I mean that one na safe investment, aggressive investment is not healthy and e no dey safe for me oo. |
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Same here, I see every airdrop as a scam untill they have listed there price and I don't do airdrop like it's my personal job I do airdrop at my leisure time and sometimes even at my leisure time I don't because I'm not sure of the outcome and scam airdrop are not always written on their page or whatever until they have gotten what they want or need and ran, what I'm saying in essence is that you can't easily fish out scam airdrop and even some of those airdrop that ask participants to do transaction before they can be eligible for some..., some of them are legit while some are scam but I will advise you stay away from those airdrop that request for transaction unless you can afford to take the risk and the funny thing I have seen and observed about legit airdrop is that they don't make noise and they don't too stress their participants.
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To me I think Dogs was/is far better than hamster Kombat even though the listing price was almost same but at least I used just a day to get like 8 usdt unlike hamster where I used a month plus just to see that my token was giving me 3 usdt. I wasn't actually surprise because I wasn't doing it before not because I was sure it won't do well but I have the feeling and secondly the participants was mad I mean very plenty and when I started seeing criteria and some funny funny talks then I was fully convinced that this project won't do well, I wish I spent the time I used in hamster in Dogs I believe I would've hit jackpot.
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If there is another word that will look more harsh than worst then you should have used it because Hamster combat is the worst airdrop I have ever seen so far though it maybe better than not listing at all but the price was almost equivalent to nothing. A friend of mine, after having over 5 million PPH the money he was seeing was not encouraging so he decided to leave the coin for sometime but this is memecoin, are we sure if this hamster combat will pump again. And me personally I don't think I will participate in the season 2 of hamster combat though I was not actually surprise with the listing price because this is airdrop anything is possible.
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~Snip~
Yes in terms of investment lump sum investment can be very useful for an investor if he has excess money supply but he has to choose the right time to do it like dips price trend. If you don't get suitable bearish then you can start depositing bitcoins with DCA method and if you get low price of bitcoins during deposits regularly then lump sum buy may be more useful for you to get more holding in less time. The method of buying in large quantities at once requires the right time such as market conditions in a Bearish phase and a large amount of money. For me, this method is very boring because it takes a long time to wait for the market to correct. However, DCA offers a solution without causing problems, investors can invest at any time with any amount without having to be tied to market value. This method allows investors to accumulate Bitcoin at an average price over the long term, while also avoiding the stress of trying to predict volatile market price movements. It seems you are mistaking the buy Dip to lump sum because in lump summing investors don't necessarily need to wait for bearish before they buy. Lump summing simply means buying in a large quantity regardless of the market condition but it will be an advantage if an investor lump sum during the Dip and people who see this method as boring are investors who don't have enough funds to..., just like me I don't like the lump summing because I can't afford it that's means it is boring to me. But the reason why I like it is that a figure one will buy a day can take some investors who is using the DCA method a month if not year(s) to accumulate. |
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"Hello everyone,
I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!
Thanks for having me!🙏
First, you are welcome to the great forum ( Bitcointalk) and trust me every information you seek for is here all you need do is check all the board I mean there are a lot of board and each is unique in there own way and the name of the various board explain or give a brief summary of what is been discuss. In Bitcoin we have investment and trading I may not know which one you would wish or want to learn but trust me trading is so complex I don't mean to scare you but that's the truth, investing is pretty cool and it's different from trading and I suggest you go for investment unless you can afford to take the risk in trading. |
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Yeah, merit is what one need to rank up in this forum but it's not given anyhow, your post must be informative, I mean something that will help or contribute to the forum. And secondly you shouldn't be looking for merit now because you might get discourage after posting and you don't get any perhaps you should focus more on learning and understanding things you don't know before, only then you can adjust from your way of posting. One thing that will help you in this forum is understanding how this forum works and coming with a pattern that will attract people when I say attract I mean information that will be helpful, valuable etc and don't get yourself worked up because of merit the knowledge you will acquired if you learn will be more than having a merit.
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Will Bitcoin hit $100k this year? Answer: I can't tell for sure.
What should I do now? Answer: accumulate as much as you can and hold.
Is it going to worth it? Answer: if it exist then I am 100 percent sure that is gonna worth it.
Do you believe in Bitcoin? Answer: I trust Bitcoin.
Which method should I use as a newbie? Answer: we have; lump sum, Buy Dip and DCA method but I think DCA will be convenient for you.
Do I need to be checking the market? Answer: if it won't discourage you, no problem
What should I do after investing? Answer: have patient, be discipline, be consistent with your strategy, keep emergency fund and then success await you
Good luck.
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There's a saying: "If there's a will, there's a way; if not, there are many excuses." Ever heard of that?
The thing is, if you see an opportunity to invest, you’ll find a way to make it happen. And did you know that when the market is down, that's actually the best time to accumulate? They say that during a bear market, the weak hands will panic. Are we weak hands? Definitely not...
It is true that the best time to accumulate Bitcoin is when the market is dip because it gives an investor more opportunities of accumulating enough Bitcoin, but for Bitcoin proper investment we should not only rely on the market dip before accumulating Bitcoin but how much funds we have to accumulate Bitcoin because it is the amount of Bitcoin an investor has and how long he continues to hodl that will determine how much profit an investor will have. So the best thing is to accumulate at all time as long the money is readily available and hodl either with the DCA strategy of accumulating Bitcoin, the dip should only be an opportunity or added advantage for an investor to accumulate more Bitcoin and HODL. Your statement is quite vague. But it sounds like you sound like a bit of a trader. Investor's investment does not depend on profit. "How long he continues will determine how much profit an investor will make" I would disagree with this phrase. The objective of investing in Bitcoin is of course to make a profit. Duration of investment is not based on profit, it totally depends on an investor's goals. I think the investment period should be more than 4/5 years. There is no best time to deposit bitcoins, you can say the profitable time to deposit bitcoins is when bitcoins dip. At that time you get the chance to buy cheap bitcoins which gives you the opportunity to earn more profit. It's always the best time to buy Bitcoin. Consider the dip time to gain more profit. But one should never wait for the dip time. If you keep buying regularly, you may buy more during dips. Hey dude, I think you get it all wrong. If I may ask you what is the objective of Bitcoin investment or what is the motive of Bitcoin investment?. Off cause it's for profit making but not a night or two days profit making because a night or two days profit making is not investment it's trading so even if someone's goal is to accumulate some figures of Bitcoin it all tailor down to profit making because definitely if you allow your Bitcoin for some years it's gonna give you more than what you used to accumulate and I don't think anyone would've engage him or herself in Bitcoin investment if there's not profit or gain so don't get it twisted. But if your own objective is contrary to this I said then I don't think it's Bitcoin investment you are doing and I would love to hear what's your objective if you mind. |
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quote author=sotelorene link=topic=5510126.msg64568920#msg64568920 date=1727262111]
Forum Rank: Member
Shen address (BEP20): 0x394324fEE1d3E2Aea3fa92fC1Fa2E07485806c56
[/quote]
Please update my Shen address below is the new address.
0x26A5868970c42C0dc0125b06e2612cF446502561
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If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.
Some people with huge amount of money still prefer DCA strategy for me it all depends on what you feel will work for you.
I think it will be good will discuss about all strategy there advantage and disadvantage and let people make there own choice of the strategy they feel will be more better for them some newbies in this thread only know about DCA strategy and they feel other strategy are not good enough that's why people only talk about DCA strategy.
I think it's better to divide it into several stages if you have $10k. Buy $3k with Lump sum and another $3k you can put at a low price and $4k you can apply with the DCA strategy. Especially if you plan to invest for the long term, of course DCA is better to apply. I think you don't understand how DCA works because if you have applied it, you probably won't turn to other strategies. I have been running routine investments for almost 2 years, DCA has always been my mainstay and in fact it is quite comfortable for me. If you are still in the early stages of Bitcoin accumulation, I suggest buying normally, I mean you don't need to move aggressively before you are really ready to do it. Buying aggressively is also supported by strong finances at that time and if you don't have an increase in income at that time, of course it is better to buy as usual like the previous stage accumulation, for example $20, of course you just continue each stage with $20. No need to divide it, if you have $10k which you want to use to invest in Bitcoin using lump sum strategy you just buy with it at once that is what lump sum is all about and then you hold, some people after accumulating Bitcoin using the lump sum strategy at a point they even forget they have a Bitcoin investment and they usually hold there Bitcoin for a very long term. I'm not saying DCA is not a good strategy is a very good strategy and that is what I'm using now because I don't have the capital for a lump sum strategy, however no body should try impose any strategy on anyone especially the newbies we should learn to discuss all strategy and let people make there choice. Lump sum or DCA is a nice strategy and anyone we use let's make sure we are holding. Well lump summing is or can be one of the fastest way to accumulate more Bitcoin but if you must lump sum you must be financially stable to an extent else one will tamper or disturb his investment when it's not yet mature. No one is imposing any strategy to anyone rather they are discussing the safest way a newbie should follow if at all they want to invest in Bitcoin and people who are discussing these are people who has experience and have seen how it works and remember information is power, if you are not informed you may choose the wrong path and at the end one start panicking so why not save yourself that... By utilizing the information that is been shared. |
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Everyone loves the Dip to increase their portfolio, I mean it's always a great opportunity most especially for those who waits for it to... but we can't actually wait before we can increase our portifolio because already we have the DCA method which can help us increase our portifolio regardless of the market price. The bull run is something that doesn't just happen like the bear and anyone who has funds is always excited when there is a bear because they know the amount they will buy and those who uses the DCA and have the funds always double up beyond their normal investment price.
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Welcome to the community, this is a very nice place to get the knowledge you wishes or desire to have about Bitcoin and some other project and as a student it's very good to have Bitcoin knowledge because it's going to help you in school and even after school but starting now is the best. One secret I want to share with you is that if you must learn, you must be quiet, calm, tolerant, don't be in a rush say something even when you are right etc. Bitcoin is not a get rich quick something, it requires a lot of patient and discipline etc, unless you want to go into trading or gambling which is not safe or encouraging because getting an exact speculation is very difficult so I will advise you avoid trading and focus on investing using the DCA ( dollar cost average) method.
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My brothers and sisters for this kajad cabal I greet una and happy new year to all of us. I say make I table this matter for here and if say person don discuss this mata, my apologies as I no see any of such nature before I bring this one up.
Wetin make me dey ask this question nah say after observation, I discover how some newbies wey register here, after them don drop some posts and e happen say one of the posts receive backlash, you go see say gradually, that user go start to dey scarce for here and before you know e go twy before you see them.
So I wan know from us, wetin we feel say be the reason wey dem dey lose interest like that? Abi nah say some no fit stand criticism or here too hard or wetin? Abeg make we discuss.
Well, I think you don answer the question by yourself because most person no dey tolerate which means they fit get angry or upset anytime they see they are being criticized and when someone get upset or angry about a particular thing definitely the person go dey discourage and some people who they get criticize they feel say they can't do better again and some will hate everything concerning a particular thing. But anyone who get discourage because of criticism and refuses to adjust means the person doesn't really want to learn and learning is a choice not compulsory but it's necessary to learn. Again some people don't like stress and to be honest with you it's not really easy here but knowing that nothing good comes so easily should always be in our mind. |
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